The Retirement Financial Center

Philippe Berthoud
10 Liberty Street
Danvers, MA 01923

December 23, 2019

2020 Key Numbers

Estate Planning

Key indexed figures20192020
Annual gift exclusion:$15,000 $15,000
Gift and estate tax applicable exclusion amount:$11,400,000 + DSUEA1$11,580,000 + DSUEA1
Noncitizen spouse annual gift exclusion:$155,000 $157,000
Generation-skipping transfer (GST) tax exemption:$11,400,0002$11,580,0002
Special use valuation limit (qualified real property in decedent's gross estate):$1,160,000 $1,180,000

1 Basic exclusion amount plus deceased spousal unused exclusion amount (exclusion is portable for 2011 and later years)

2 The GST tax exemption is not portable

2019 and 2020 gift and estate tax rate schedule

Taxable EstateTentative Tax Equals PlusOf Amount Over
0 - $10,000$018%$0
$10,000 - $20,000$1,80020%$10,000
$20,000 - $40,000$3,80022%$20,000
$40,000 - $60,000$8,20024%$40,000
$60,000 - $80,000$13,00026%$60,000
$80,000 - $100,000$18,20028%$80,000
$100,000 - $150,000$23,80030%$100,000
$150,000 - $250,000$38,80032%$150,000
$250,000 - $500,000$70,80034%$250,000
$500,000 - $750,000$155,80037%$500,000
$750,000 - $1,000,000$248,30039%$750,000
$1,000,000 +$345,80040%$1,000,000
Credit shelter amount $11,400,000 in 2019 and $11,580,000 in 2020Unified credit amount $4,505,800 in 2019 and $4,577,800 in 2020
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Philippe E Berthoud and William E. Riquier offer Securities and Advisory Services through United Planners Financial Services, Member FINRA/SIPC. United Planners and The Retirement Financial Center are independent companies.

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